ALB Journal

Journal status: live
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ALB Profile
Year
2016
Country
Malta
Branches
1
Regulation
MFSA Malta
Registration
MFSA Malta, CONSOB Italy, FCA UK, BaFin Germany
Investor protection
Fund protection
Depositor and Investor Compensation Scheme Malta
Publicly traded
no
Restricted in
Not serving
х US
Broker type
MM
Dealing book
A+B hybrid book
Tier
3
Execution speed
0 ms
LPs total
0
LPs quality
none
LPs names
none

ALB Accounts
MM
Minimum Deposit
200 $
Leverage
30 : 1
Minimum Lot
0.01 lots
EURUSD spread
1.5 pips
Commission
0 $/lotRT
Volume
...
Margin Call
...
Stop Out
...
Execution
Market
Spread
floating
Scalping
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
none
Update broker

Is ALB safe?

  • Investor protection: Depositor and Investor Compensation Scheme Malta
  • Regulation: MFSA Malta
  • Registration: MFSA Malta, CONSOB Italy, FCA UK, BaFin Germany
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is ALB trusted?

  • Information transparency: high ★★★★★
  • Customer service: virtually non-existent
  • ALB website: semi-detailed, updated ★★★
  • ALB popularity (by visitor count): low visits ★★

How ALB works

1.6.1. Execution of Orders

When executing orders on behalf of clients the Company would be dealing as a riskless principal, meaning that the Company interposes itself between the buyer and the seller to the transaction in such a way that the Company never gets exposed to market risk throughout the execution of the transaction, with both sides executed simultaneously, and where the transaction is concluded at a price where the Company makes no profit or loss, other than a previously disclosed commission, fee or charge for the transaction. The Company would deal as principal with its client and at the same time, and on the same terms, enter into a transaction as a principal with a counterparty.

1.6.2. Dealing on Own Account

We may also deal as principal with the client (ie executing the order against the Company’s proprietary capital), for example where the client has accepted a quote provided by us. In those circumstances, whether we owe best execution will depend on whether the client is legitimately relying on us to protect his interests in relation to the pricing and other elements of the transaction.

The Company may choose to act as market maker in instruments by quoting prices at which it is prepared to deal with the Client. The prices quoted by the Company may be different to those available on a regulated market or MTF.

5.8. The Company may execute orders internally. These orders will only be internalised when it is determined, in accordance with this Policy and taking into account potential conflicts of interest and the Execution Factors, that the Company is the appropriate Execution Venue in respect of the Client order. Therefore, orders will be internalised when, after due consideration of the above factors, the Company’s internal execution is expected to provide the best result for the Client.

ii. When the Company places a Client order with a liquidity provider for execution it remains the responsibility of the Company (achieved through careful selection and ongoing monitoring of the respective liquidity providers) to ensure that the Client obtains the best possible result on a consistent basis.

https://www.alb.com/docsdl/ALB-OrderExecutionPolicy.pdf

“SCALPING”: a financial transaction is considered as scalping when the purpose of the trade made by the customer, is not the investment on the considered financial product or taking a position on the financial market, but only a tentative to take advantage from an IT latency time or a technological inefficiency or a bug of the IT infrastructure of the licence holder.

The trading behaviour of scalping as defined above is considered a breach of the Company’s Terms of Business.

https://www.alb.com/docsdl/ALB-ScalpingTerminationNotice.pdf



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